By THE NEW YORK TIMES
April 24, 2017
We’re following major developments in the markets throughout the day. Check below for the latest updates.
French Election Gives Euro Relief
The euro has been given a shot in the arm.
The currency was up more than 1 percent against the dollar on Monday, after Emmanuel Macron and Marine Le Pen advanced to the second round of the French presidential election.
The optimism has carried over to other markets. Bond yields in France and Italy were down, and the Dow Jones industrial average and the Standard & Poor’s 500-stock index looked set to open higher Monday morning after rallies in Europe. The French benchmark index, the CAC 40, was up about 4.5 percent. — AMIE TSANG
What to Watch For: Halliburton and Barrick Gold Earnings
■ The energy and construction firm Halliburton will report quarterly earnings on Monday, as will the Canadian gold mining company Barrick Gold.
■ Don’t forget to read the DealBook newsletter.
Jimmy Choo Puts Itself Up For Sale
The luxury shoemaker Jimmy Choo said on Monday that it was seeking offers as part of a strategic review.
The move comes two and half years after Jimmy Choo went public on the London Stock Exchange and could lead to a large payout for its largest shareholder, JAB Luxury, which owns 67.7 percent of the company.
JAB Luxury is part of JAB Holding Company, which owns Krispy Kreme and Keurig Green Mountain and which recently agreed to buy Panera. JAB Luxury said it was supportive of the review.
Shares of Jimmy Choo rose 5 percent in early trading in London on Monday after the announcement. — CHAD BRAY